The statement said: 'Devondale Investments, the current owner of Portsmouth FC, and Al Fahim Asia Associates Ltd. (AAA), a company fully owned by Sulaiman Al Fahim, Chairman of the Board of Portsmouth FC, have reached an agreement whereby AAA has become the new sole owner of the Club.

'Sulaiman Al Fahim welcomed this agreement and looks forward to helping the Club build on its impressive history and achieve new successes in the Premier League.

'The Chairman of the Club would like to extend his gratitude to the players, staff and supporters of Portsmouth FC who have shown an extraordinary level of commitment and loyalty to this great Club.'

This is all very well, which if true means that Peter Storrie's 'plan B' has failed, but lets hear something official from The Pompey Site.

Whilst I am a bit underwhelmed at the news, nevertheless, we have been stabilised, I suppose. Definitely did not want Al ahim as our new owner, but Thursday was apparently the deadline for the Banks apparently, so beggars can't be choosers. I bet Peter Storrie is feeling a bit underwhelmed himself right now. Could this be the end for him at Pompey?

Jackastorrie has been including SAF for a while so I guess he knew he couldn't do the deal without him. Also what makes yellowcheesemonkey suggest SAF doesn't have Pompey at hart; hart enough to put up £32million of cash up font to guarantee the debt Storrie ran up; still, yet more to come I suspect .

My concern here is that the "official site" has not been used to tell FANS the details first or indeed a "Press Conference" utilised as has been done in the past. Even the "Quay" official mouth piece of Pompey have nothing. If this is how the new owners do business, coupled with the last few months of ridicule, I feel no warm feeling inside that things are going to be improving ! ( I hope I'm wrong ). Also, hope Pompey do NOT get rid of PS, much maligned but undoubtedly has the clubs interest at heart.